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Banking/Mortgage Industry~
Anonymous
2 years ago

Nevada Makes Illegal Foreclosures Felony

from the article:

 

Responding to homeowner complaints, Nevada has become the first state in the nation to make illegally repossessing a home a felony, and  may send bankers to jail for doing such. The new law was enacted after tens of thousands of homeowners complained to lawmakers about their homes being foreclosed without proof of ownership.

 

read more...

 

http://www.housingpredictor.com/2011/illegal-foreclosures-felony.html

Anonymous
2 years ago

there is an interesting poll on that page too

 

Should banks be forced to modify mortgages to help the U.S. economy?

 

Yes 85% No 15%
Anonymous
2 years ago

I think the big banks need to change their motto from:

"Too Big To Fail" to the previous "The Bigger They Are The Harder They Fall". if more people will get their money out and give their banking business to the Credit Unions. I'm just saying..........

Anonymous
these people are so callous !
2 years ago
Top US foreclosure law firm threw Halloween party where staff dressed as homeless

from the article:

 

Let me describe a few of the photos. In one, two Baum employees are dressed like homeless people. One is holding a bottle of liquor. The other has a sign around her neck that reads: “3rd party squatter. I lost my home and I was never served.” My source said that “I was never served” is meant to mock “the typical excuse” of the homeowner trying to evade a foreclosure proceeding.

 

read more...

 

http://www.nytimes.com/2011/10/29/opinion/what-the-costumes-reveal.html?_r=4

 

 

..wow , what absolutely horrible peices of human crap.

Anonymous
2 years ago

That's kinda reminiscent of 1929, the end of the roaring twenties. When the fat cats were lighting cigars with hundred dollar bills and making fun of "dose poor soup-line bastards", right before their own world started collapsing and they began jumping out the windows. Because they weren't tough enough to make it.

2 years ago

We will continue to have problems with the banking system until there is accountability. Banks have been caught destroying loan documents and fabricating their own new documents to allow them to foreclose and take people's home, yet still no one has ever been arrested.

http://www.huffingtonpost.com/2011/07/20/wells-fargo-subprime-fraud_n_905198.html

It is not OK for corporate America to seal from the people at will.

Anonymous
2 years ago
Goldman Sachs and Occupy Wall StreetâEUR(TM)s Bank: The Real Story - BlackListedNews.Com


Deb - 4 hours ago - blacklistednews.com

Mega-bank Goldman Sachs (assets $933bn), has declared war on one of the smallest banks in New York (assets $30m), the customer-owned community bank that happens to also be the banker for Occupy Wall Street.

-----

they don't even try to fake their humanity. nothing like raw contempt for people to make you show your true colours..at least they arent trying to mask the fact they are scummy   ..not sure that qualifies as a redeeming quality though..

Anonymous
2 years ago
Move Your Money


Business  (tags: OWS, banks, wall street, consumers, corruption, abuse, dishonesty, debt, investments, money )
Phillip - 5 hours ago - act.boldprogressives.org

Ready to "fire" your Wall Street bank? Here's how:


-------

really hope this catches on.
the housing bubble burst
2 years ago

the commodities futures modernization act signed by george w. bush which allowed sub-prime mortgages which weren't even approved by the CRA.
That was the main causes for the housing bubble burst,
but I'm sure most of you probably already knew this.

2 years ago

that's where deregulation gets you

Anonymous
ANOTHER SUCCESS !!!
2 years ago

BoA drops debit fee !!!

 

from the article:

"

Following weeks of consumer protest, Bank of America announced today that it is dropping its plan to begin charging consumers a monthly $5 debit card fee. Bank of America’s decision demonstrates that consumers can have a big impact on banking industry practices by joining together and making their voices heard, according to Consumers Union, the advocacy arm of Consumer Reports.

“Consumers have the power to make the big banks back down from unfair practices if they raise their voices and vote with their feet and their dollars,” said Norma Garcia, manager of Consumers Union’s financial services program. “In the end, Bank of America understood that it risked losing too many valuable customers by charging an unfair debit card fee.'

 

read more...

 

http://www.consumersunion.org/pub/core_financial_services/018193.html

2 years ago

"Pamela Banks, senior policy counsel for Consumers Union. “While banks may come back with other fees in the future, they’ll be gauging public reaction carefully. Consumers should be on the lookout for new fees."  

This is the tick..other hidden fees could be added.

Are you familiar with this term...?
2 years ago

"Reordering of checks." or Manipularion of transactions.

 

http://www.wisebread.com/banks-manipulate-your-transactions-may-charge-you-1750-overdraft-fee

 

I currently bank with US Bank. They do this. I'm done. I have found an option. I'm going to it tomorrow. This is legalized stealing.

 

I can see a class action lawsiut in my future.

 

 

Anonymous
2 years ago

hehe go sSpooky !!

2 years ago
Protesters Target Downtown Oakland Bank Branches

2881116_large.jpg

Written by Lisa Leff and Terrance Chea, Associated Press

 

OAKLAND, Calif. (AP) — Thousands of Wall Street protesters marched in the streets of Oakland on Wednesday as they geared up with labor unions to picket banks, take over foreclosed homes and vacant buildings and disrupt operations at the nation’s fifth-busiest port.



Read more: http://www.care2.com/causes/protesters-target-downtown-oakland-bank-branches.html#ixzz1cb6dc6OL

 

 

 

 

Anonymous
2 years ago

B of A employees flood bank's rivals with resumes

 

from the article:

"Bank of America Corp employees are flooding rival companies with resumes as a major cost-cutting program gets under way at the second-largest U.S. bank."

 

read more...

 

http://in.reuters.com/article/2011/11/02/idINIndia-60275920111102

 

even their employees arent safe.

Anonymous
2 years ago

Here's a friendly little message from my former bank. I took all my business to the Credit Union, recently. This makes me think a lot of other people must have done the same.

You spoke, and we listened. Based on feedback we have received from our customers, Regions has eliminated the monthly $4 CheckCard fee as of November 1, 2011.

Any $4 CheckCard fee assessed in October will be automatically refunded to your account. You do not need to do anything to receive your refund; it will be credited to your account by Monday, November 7.



"We hope you will continue to enjoy all the features and benefits of your Regions relationship, including your Regions Visa® CheckCard. We would also be glad to discuss ways we can help you meet your other financial needs, so please visit your Regions branch or call us at 1-800-REGIONS (734-4667) and one of our friendly knowledgeable associates will be glad to speak with you.
As always, thank you for choosing Regions. We appreciate your business and are committed to providing you with the highest level of customer service."

HaHa!!!! Yeah, sure!

Anonymous
2 years ago

TD Bank adds $9 savings account fee, hikes others

 

from the article

 

"As other banks recoil from the customer wrath they faced after attempting to introduce debit card fees, TD Bank is rolling out a brand new fee and hiking others.Starting in December, TD Bank (TD) savings account customers who exceed six transactions in a billing cycle will pay a $9 fee each time they take money out of their account."

 

read more...

 

http://money.cnn.com/2011/11/02/pf/td_bank_fee/

 

__

 

i have a feeling that is going to go over like a lead balloon. good luck with that LOL.

Anonymous
2 years ago

hmmm! With interest on savings, being very low. Putting your money in a coffee can or your mattress looks like a better deal, than this bank! Just kidd'n! That's tone-deaf and pathetic on the bank's part! Give your local CU or FCU, your business. Hit the big banks where their pocketbook is, deposits!

Here's some info and how to find a Credit Union or Federal Credit Union in your area:

http://www.lovemycreditunion.org/

Anonymous
whooooooooooooottt!!
2 years ago
650,000 Americans Joined Credit Unions Last Month — More Than In All Of 2010 Combined

 

from the article:

 

"One of the tactics the 99 Percenters are using to take back the country from the 1 percent is to move their money from big banks to credit unions, community banks, and other smaller financial unions that aren’t gambling with our nation’s future.

Now, the Credit Union National Association (CUNA) reports that a whopping 650,000 Americans have joined credit unions since Sept. 29 — the date that Bank of America announced it would start charging a $5 monthly debit fee, a move it backed down on this week.

To put that in perspective, there were only 600,000 new members for credit unions in all of 2010. “These results indicate that consumers are clearly making a smarter choice by moving to credit unions where, on average, they will save about $70 a year in fewer or no fees, lower rates on loans and higher return on savings,” said CUNA President Bill Cheney."

 

read more...

 

http://thinkprogress.org/special/2011/11/03/360804/650000-americans-credit-unions/

 

i remember one of the tea bag out on the care2 cause blogs saying they would never get a million people to do that.

 

heeeeeeeeeeeeeeeeheheheh.

2 years ago

Was that by the end of the year, Victoria? Because it would seem pretty clear that 650,000 in only a month would mean the number of transfers could be cut in half and still exceed a million by then.

In a small way I wish I hadn't moved my money more than 15 years ago to a really small community bank so I too could have the pleasure of sticking it to the big banks, but when the big buyouts began occurring I began moving my money before each occurred. I moved my money 4 times in less than two years. You want to know how small my community bank is?, my account numbers have only 6 digits. The bank I use is too small for the big banks to waste their time with, but I get personal service and still get all the perks the big banks once offered.

Anonymous
2 years ago

according to the article since  september 29th.

 

"since Sept. 29 — the date that Bank of America announced it would start charging a $5 monthly debit fee,"

2 years ago

I'm fairly sure that number is at least a week old and that would mean those 650,000 transfers occurred in only one month.

By the time it is all said and done, the total is going to exceed 2 million and maybe more. People are fed up and the next big transfer date is just around the corner.

2 years ago

Since the politicians are not doing anything, our only options are to exercise our freedom of choice.  Looks like a lot of people are,

2 years ago

$5.00 monthly debit fee?

 

Don't you mean in addition to the 2.50 fee you get if you use a non B of A ATM? Even to check your balance? Which can in some instances put you over and start that re sequencing of checks thing...?

 

As a post script...I never did get that email the person said she would send me. I guess it is thought I'm going to lick my wounds and go away. Those people seriously have me mixed up with someone else.

 

I went to the pay card option at work. This is scary for me as I am almost 60 and have never been without a bank. I'll adapt. I've had to adapt to many things in my life.

 

I guess the banks are going to do what they want to do. Some of the people are going to do what they want/have to as well. Hopefully, more will wake up to this atrocity and do as I'm doing,m or find another alternative.

 

Lets of people are ashamed to admit the banks are taking advantage of them in this way. I am, but my outrage overrides my embarrassment. I was talking to a coworker about this and she was like, "Oh, you too?" I had to explain we were not a minority. Banks not only use this, but add fuel to it by telling customers it's their fault, all kinds of things to make them feel bad, when in fact the banks are ripping off the little guys, us.

 

2 years ago

Did you all know there is a company called ChexSystems in which banks can put anything they wish about former customers? They can simply say you are not a good risk, and base it on nothing concrete.  

 

https://www.consumerdebit.com/consumerinfo/us/en/index.htm

 

I guess it may have started out with a legitimate purpose, letting banks know about habitual bad check writers. In my opinion, now the banking system mostly uses it as a tool for abuse. If you piss them off too badly the can put negative information in there and that can and will limit or stop your ability to go to a credit union. If you are thinking of doing so, you may wish to start a credit union account prior to leacing your bank.

 

 

 

 

 

 

2 years ago

Saturday, November 5th is Bank Transfer Day - Move Your Money Out of 'Too Big to Fail'

http://videocafe.crooksandliars.com/heather/saturday-november-5th-bank-transfer-day-mo

 

From Democracy Now -- Move Your Money: Campaign Grows to Divest from "Too Big to Fail" Banks to Local Banks, Credit Unions:

As participants in the Occupy Wall Street movement continue protesting the record profits made by banks bailed out by taxpayer money, a group of grassroots activists are hitting America’s largest banks—including JPMorgan Chase, Bank of America and Wells Fargo—where it hurts most: the wallet. Dubbing this Saturday, Nov. 5 as "Bank Transfer Day," activists are urging people to move their money out of the banks deemed "too big to fail" into local community banks and credit unions. Bank Transfer Day draws on an idea popularized by filmmaker Eugene Jarecki, economist Rob Johnson and columnist Arianna Huffington, among others. In 2010, they created the short film called "Move Your Money," which became a viral sensation. We speak with filmmaker Eugene Jarecki.

And here's more with some info on how to find a local bank or credit union in your area:

AMY GOODMAN: An excerpt of Move Your Money. Eugene Jarecki made that film. And where are we today?

EUGENE JARECKI: Well, we’re in a wonderful new world. I mean, there is a lot of stuff happening around this country. For example, this Saturday, November 5, is the Bank Transfer Day. That’s a—I woke up one morning, read the paper that people were doing something called Bank Transfer Day. What is it? It’s a day where you move your money. You take your money out of the "too big to fail" banks that have so damaged the American people and so benefited at our expense, and you move it into small community banks, credit unions.

And there’s a way to do that. You can go to moveyourmoney.info, and you can type in your zip code, and you can learn about banks in your area that are good, that are sound, that are small, that are, you know, in the interest of your community.

But what’s amazing is, things like Bank Transfer Day, these activities that are happening, they’re happening with a life of their own. You asked me when I came on the program, am I sort of involved or responsible? No. This is happening all over the country. It’s happening in a viral kind of way, in a way that’s very hard to stop. And I think it’s because people find the idea exciting. They find it morally right. And they know it’s in the interest of the future. And they’re doing it. And I think everybody should come out on Saturday and move their money, absolutely. It’s a big deal.

AMY GOODMAN: Eugene Jarecki created the short film Move Your Money in 2010 that went viral. And now that’s what a lot of people are going to be doing this Saturday, November 5th.

 

 

Anonymous
2 years ago

i cant wait to see how many move their money.

 

we got a 1 percenter on board too !!

 

1% leaves boa
http://www.mercurynews.com/bay-area-news/ci_19258590?source=rss

Anonymous
2 years ago

who are the 1%? this is kinda cool

 

http://www.bravenewfoundation.org/whoarethe1percent/

Anonymous
LOL they dont get it do they?
2 years ago

this is a very cool accounting of moving their money
The bank said "You'll be back."
from the article:

 

"

Today I helped my sister close (or try to close) her bank accounts at three big banks.  She had an account at Wells Fargo, Bank of America and SunTrust.  She had no direct deposits and no automatic drafts, so it was pretty easy for her to move her accounts.  I went with her because I had to close my last Bank of America account.  Below is a story of how the banksters handled it.

One thing I should probably mention is that my sister is a very successful medical doctor.  She makes a ton of money.  She also had a ton of money in each of these banks.  She decided to close these accounts out of solidarity with OWS protesters.  

At Wells Fargo, my sister walked up to the teller and politely asked to close her account.  The teller said, "No problem."  She pulled up her account and saw the balance and told her that due to the amount she had to speak with the branch manager.  The branch manager came out.  He was probably 30 years old and was very arrogant.  He asked my sister why she wanted to close her account and my sister told him she thought Wells Fargo was part of the problem with the economy.  He went thru some talking points about why she shouldn't move her money, but my sister didn't back down.  When he asked her where she was going she told him that she would be banking at the North Carolina State Employees Credit Union.  She isn't a state employee, but anyone can join if you are related to a state employee.  It turns out her husband is.  Anyway, the bankster told her "You'll be back.  Credit unions can't provide the services you need."  We'll see about that.  She withdrew over $200k from Wells Fargo."

 

read more...http://www.dailykos.com/story/2011/11/04/1033303/-The-bank-said-Youll-be-back?via=siderec

2 years ago

Wow... see that's the attitude I'm talking about. This banker smugly tells her, "You'll be back they can't fullfull your needs." How about "we're sorry to see you go?" That at the very least?

 

 

 

Anonymous
2 years ago

"Ah Yes", the Banksters.  We moved our money into a Credit Union 25 yrs ago and glad we did.

 

I also, moved my 401K out of Merrill Lynch a week ago

Anonymous
2 years ago

damnit Ellen i can't send you more stars

2 years ago

Happy Move Your Money Day!

 

 

Ah yes...
2 years ago

the 401 K . Being a State Employee, I can't move it from the company it's with. I only can play with it should I so desire, such as move it around. I know very little about stocks, so it's kept in what is called an ing account which is very stable.

 

I was talking to a friend on the phone today. She banks at B of A, as does her mother. That check re-sequenceing thing that I am going on about? they have been hit pretty hard by that too. Particularly around their pay period. I know others where I work who've had the same problem. I can't believe no one here has not had this happen to them.

 

It would be great to have a "I'm leaving your bank because you cannot serve my needs by re-sequencing my checks and taking about 1/3 of my pay each month with your legalized stealing techinques...." type form letter. But I guess I am up ti the task of writung my own.

 

 

 

 

Anonymous
2 years ago

i wonder if their is a way to find out what banks our politicians are using..just think it would be interesting to see if any have moved their money too. that would be a wonderful way for our poiliticians to show their solidarity with the 99's.

2 years ago

 

21
Bank Transfer: 650,000 Answer the Call
Bank Transfer: 650,000 Answer the Call

US Politics & Gov't  (tags: )

Robert
- 1 day ago - readersupportednews.org
Credit Union National Association (CUNA) reports that over 650,000 people have joined credit unions in the last four weeks.
add comment  |  demote?: duplicate bad link spam not worthy
Anonymous
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
2 years ago